Mr. Conor Power reports

VEGANO SIGNS DEFINITIVE AGREEMENT FOR ACQUISITION OF RUDDER SUPPLEMENTS

Further to the news release dated June 13, 2023, Vegano Foods Inc. has entered into a definitive agreement with Rudder Supplements Corp. to acquire 100 per cent of the issued and outstanding shares of Rudder.

Pursuant to the definitive agreement entered into among the company, a wholly owned subsidiary of the company (SubCo) and Rudder, SubCo and Rudder will amalgamate to form a wholly owned subsidiary of the company, and all of the outstanding common shares of Rudder will be exchanged for 10 million common shares of the company. The transaction remains subject to customary conditions of closing, including the company completing due diligence to its satisfaction and the approval of the shareholders of Rudder and the Canadian Securities Exchange (if required), and is expected to complete shortly.

About Rudder Supplements Corp.

Rudder is a privately held company incorporated in British Columbia in 2020. Rudder produces and distributes health supplements and beverages through a combination of direct-to-consumer sales and distribution partnerships.

About Vegano Foods Inc.

Vegano is a 100-per-cent-plant-based on-line marketplace company operating in Vancouver. Founded in March of 2020, Vegano helps make healthy plant-based eating more accessible to Canadians, allowing them to take veganism beyond meatless Mondays and Veganuary. Vegano sources high-quality products to make for easy plant-based shopping all on one website.

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